Feeds

278 years ago today: Sir Larry predicts bubble will burst

Tycoon warns South Sea Bubble can expande no more, will pop any daye now...

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Oracle CEO Larry Ellison's comments in Sydney yesterday that the over-inflated valuations of Internet companies, such as Amazon.com and eBay, was a "bubble that just has to burst", brought to mind a much older tale... Shipping magnate Sir Larrimore Elision today lashed oute at Robert Harley and his South Sea Companie for both the rash promises of profitability his arch-rival has made -- and his attempts to retain control of ye world's largest shipping market. "'Tis a bubble, and 'twill burst -- mark mine words," said ye tycoon. Formed some nine years ago (1711AD), ye South Sea Companie achieved prominence through a deal with then Her Britannic Mahestie's governmente to assume ye national debt in exchange for exclusive rights to trade with ye islands of the South Seas and South America, plus a healthie annual payment. However, it is well known that Sir Larrimore also sought a similar deal but was beaten off by Harley. The twain have been bitter enemies e'r since. Sir Larrimore has made many long speeches accusing his rival of abusing his monopoly position and adopting a so-called 'sail, steal, slaughter' stratagem. "There is much fraudulente trading with ye South Sea Companie," claimed Sir Larrimore, "and -- I saye again -- ye South Sea Bubble will burst." "If I am made first Lord of ye Treausurie and Chancellor of ye Exchequer, I can and will put ye South Sea Companie on a more 'Open Trade' footing," pledged Sir Larrimore. "However, I expect that bloodie Robert Walpole felloe will get ye job." ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.